On January 21 2132f], a tract of land that originally Dost P was sold by Stark Company. The company received a P1 ,2un1ooo note as payment. It bears interest rate of 4% and is payable in 3 annual installments of Pd plus interest on the outstanding halanee. The prevailing rate of interest for a note of this type is 1%. The present value table shows the following present value factors of 1 at 10%: Present value factor of 1 for 3 periods {1?5132 Present value factor of 1 for 2 periods {182(345 Present value factor of 1 for 1 period BUQQ Present value of an ordinary annuity of 1 for 3 periods 2.43685